Foreign and internal economic factors will cause the Czech exports sector to lose its breath in the second quarter of 2019, at least according to an export prediction method produced by the Exporter Association and Raiffeisen Bank. Authors of the study say that the under saturated labour market in the Czech Republic has forced many companies to delay their deliveries and thus hindered potential orders from abroad.
The Czech economy grew 2.8 percent year on year in the final quarter of 2018, above market expectations, revised data released on Friday by the Czech Statistical Office show. Analysts said it sent a positive signal that domestic growth remains sold despite a downturn in the Eurozone, and in particular Germany, the Czech Republic’s main export market.
The Czech government has just approved a bill under which the providers of taxi services would no longer be required to use taximeters. Ministers say they want to create a level playing field for operators of app-based services. For their part, traditional taxi firms say the move could lead to major problems.
The Czech Republic’s continued economic growth offers an opportunity to intensify its structural reforms, suggests the annual report of the European Commission, assessing the economic and social situation in EU members states. However, it also warns of increasing regional disparities, masked by the continued rise in living standards.
The relatively high cost of mobile data in the Czech Republic has been in the headlines after a minister suggested people should consume more if they want to pay less. The prime minister is set to discuss the matter with operators and there have been suggestions that the planned arrival of a fourth operator will help customers make savings.